Only relying on Rental income is a bad Deal.

Additionally I have a very good paying job so I don't rely on this income at all.

But if something is obvious they have to include it in the report.Appraisers rely on the information in the MLS sheet and the public record.

All said, the owner in this situation has "control" more so of the valuation than relying almost solely on the market for residential.Books I've recommended:  Steve Berges "The Complete Guide to Buying and Selling Apartments" and "MF Millions" - Dave Lindahl are some good ones to start.How's your network?  

I think if you're moving out of state, you should hire a professional property manager rather than relying on a friend to help you out.

As an out of town investor I rely on their data.Happy also if a building contractor is interested in the work, even better if they can give scope of works for rehabs :)Thanks!

If the investors are fairly new then they're either relying too much on the 70% rule, or they might have HGTV expectations.  

I know the feeling...but you will miss out on a lot of things because you have to rely on your team...the lesson is that there are always other deals down the road (I drive almost every day past a lakefront house worth $200K that I missed out on that sold for $25K because my agent missed the bid by hours...just learn from this and make sure your are ready for the next (better) deal that will be coming your way....sooon!!!!

If strictly Buy and Hold and you are relying on equity to pay back your private lender then that may be a bigger challenge. for that reason and a couple of others I don't like your business model being so Reliant on long term equity whose arrival you can't predict.

If you own a rental property, you're making the decisions about maintenance, repairs, approving tenants, etc whereas with CF, you're relying on the sponsor to make these decisions.